ABSTRACTThis paper attempts to examine the relationship between the standardized project management and the project performance. Standardized project management is defined as a standardized set of project management practices. The history of project management standard development is reviewed as well as introduction of the development organization Project Management Institute. With thorough synthesis of existing literature on standardized project management practices as well as their relationship with project success, this paper proposes a theoretical framework in development of a project management approach which includes three layers: perception layer, institution layer, and implementation layer.

INTRODUCTIONThe information era has posed more and more challenges to modern organizations during the past decades. The fast-changing market demands, technological innovation, and internal organizational working environment change the way people work and live. Opportunities and challenges become the two major themes for most organizations in the 21st century. Project management has evolved together with the above mentioned changes in the world, and project managers develop themselves into an independent profession as other professionals such as Certified Financial Analysts (CFAs) and Certified Public Accountants (CPAs). Project performance is the key indicator for assessment of the competency of any professional in the project management profession. This paper attempts to address a very important aspect of the project management—standardized project management.

Different from most technological standardization such as IT standardization, there is no such a written document such as Internet PROTOCOL that can be referenced by project managers. Despite the great contribution from the project management standard setting body Project Management Institution in the Untied States, there is still plenty of work to be done towards an unanimously agreed upon standard that can be easily sold to every corner of the earth. This study aims at making up this deficiency in the literature by synthesizing the existing studies and proposing a comprehensive project management framework. The rest of this paper is organized as follows: section 2 illustrates the background of project management standard as well as a brief introduction of Project Management Institution; the current literature on standardized project management is reviewed in section 3; section 4 identifies factors contributing to standardized project management and proposes a three-layer framework for development of standardized project management; section 5 concludes the paper.

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BACKGROUND OF PROJECT MANAGEMENT STANDARDStandard is the term used frequently in the context of technological implementations or industrial practices. Simply put, it refers to an established norm or requirement (see definition in Wikipedia Encyclopedia)....

...completing the course on projectmanagement, your class professor suggested one could offer electronic support for weddings. You form a small group, decide on a name for your start-up company, and give it a try. To your surprise, your online ad is answered by a busy working couple planning a wedding in 2014. However they want a proper proposal with times, costs and details before going further. Fortunately from your projectmanagement...

...﻿ProjectManagement Concepts and Applications Paper
Celeste Parker
University of Phoenix
PM/571
Roger Sevison
August 31, 2015
ProjectManagement Concepts and Applications Paper
The goal the paper is to provide a description of the managerial processes of projectmanagement. The paper will provide an overview of the project which is Access One’s Annual Blizzard. The paper will identify the...

...
Below is a project WBS with cost apportioned by percents. If the total project cost is estimated to be $600,000, what are the estimated costs for the following deliverables?
a. Design? $240,000 = 40% * $600,000
b. Programming? $120,000 = 20% * $600,000
c. In-house testing? $240,000 = 40% * $600,000
What weaknesses are inherent in this estimating approach?
a. If total cost estimate is off, all other costs will be off.
b. The...

...through the assignment tool.Note: All questions are worth 5 points each.|
1. Project Basics
a. Define the word project, and list some key attributes.
A project is defined as a temporary endeavor with a specific beginning and an end. Some key attributes of a project are; a well-defined objective, carrying out the project in a series of independent tasks to accomplish the goal, completing the...

...﻿2007, Semester 1
MASSEY UNIVERSITY, COLLEGE OF SCIENCES
157246 ProjectManagement – Assignment 3
The E-Wedding Planner
Background
After completing an excellent course at Massey University on projectmanagement, your class professor suggested one could offer electronic support for weddings. You form a small group, decide on a name for your start-up company, and give it a try. To your surprise, your online ad is answered by a...

...THE ADELAIDE DESALINATION PROJECT
Abstract
The PMI Project of the Year for 2013 was won by the South Australia Water Corporation for the Adelaide Desalination Project. This project was performed to raise Adelaide out of its worst droughts. It was also completed ahead of schedule and within budget. Though the project ran into some uncertainties even before its start, due to some exceptional management...